Bullard/Fed

Definitely out there on his own. FRB would certainly not communicate policy shift through him

Also, everyone has different reasons why QE works. Most of the Fed leadership thinks just via interest rate channel and announcement effect. Bullard thinks through monetary channel, which makes him a minority.

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MMT’ers – Mish seems to have grasped some of your concepts in his latest analysis. Maybe with some slight arm twisting he can make a breakthrough and you can reach more joe6packs through him. Anyways, what of the latest from Bill Gross about the demographic problems we will not be able to overcome? I said this on warren’s old BBS almost a decade ago and asked how many babies Sada Mosler had. Bill Gross says it 10 years later and makes big headlines.